Today the House will vote on — and pass — its “Cut, Cap and Balance” proposal to raise the debt ceiling in exchange for substantial reforms to get spending under control. Naturally, President Obama says he’ll veto the bill. Here is House Speaker John Boehner (R., Ohio) touting “Cut, Cap and Balance” and responding to the president’s veto threat:

This week, the House will pass a plan that addresses our debt and spending while taking action on the debt ceiling. And while the House once again acts responsibly, the administration still won’t present a plan or even say what cuts it’s willing to make to end Washington’s spending binge and the economic uncertainty that it’s creating. This unfortunate veto threat should make clear that the issue is not congressional inaction, but rather the President’s unwillingness to cut spending and restrain the future growth of our government.